Overview of the Global Market for Pulley Tackle And Hoists Powered By An Electric Motor

Market Size for Pulley Tackle And Hoists Powered By An Electric Motor

In 2022, the global market for pulley tackle and hoists powered by an electric motor increased by 14% to $X for the first time since 2018, thus ending a three-year declining trend. The market value increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. Global consumption peaked in 2022 and is expected to retain growth in years to come.

Production of Pulley Tackle And Hoists Powered By An Electric Motor

In value terms, production of pulley tackle and hoists powered by an electric motor expanded modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 13% against the previous year. Global production peaked in 2022 and is expected to retain growth in the near future.

Exports of Pulley Tackle And Hoists Powered By An Electric Motor

Exports

In 2022, the amount of pulley tackle and hoists powered by an electric motor exported worldwide declined to X units, waning by -4.4% on the previous year. The total export volume increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 26% against the previous year. As a result, the exports reached the peak of X units, and then shrank in the following year.

In value terms, exports of pulley tackle and hoists powered by an electric motor rose markedly to $X in 2022. The total export value increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 22%. The global exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

China dominates motor structure, accounting for X units, which was approx. 73% of total exports in 2022. It was distantly followed by Germany (X units), comprising a 4.7% share of total exports. Belgium (X units), Denmark (X units), Italy (X units), Taiwan (Chinese) (X units) and the United States (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +7.6% from 2012 to 2022. At the same time, Denmark (+33.2%) and Belgium (+15.9%) displayed positive paces of growth. Moreover, Denmark emerged as the fastest-growing exporter exported in the world, with a CAGR of +33.2% from 2012-2022. Italy and the United States experienced a relatively flat trend pattern. By contrast, Germany (-2.4%) and Taiwan (Chinese) (-7.0%) illustrated a downward trend over the same period. China (+23 p.p.), Denmark (+2 p.p.) and Belgium (+1.9 p.p.) significantly strengthened its position in terms of the global exports, while Germany and Taiwan (Chinese) saw its share reduced by -3.8% and -3.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Germany ($X) and the United States ($X) were the countries with the highest levels of exports in 2022, with a combined 50% share of global exports. Italy, Denmark, Belgium and Taiwan (Chinese) lagged somewhat behind, together comprising a further 7.8%.

Denmark, with a CAGR of +12.5%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for pulley tackle and hoists powered by an electric motor amounted to $X per unit, surging by 11% against the previous year. Over the period under review, the export price, however, showed a noticeable curtailment. The growth pace was the most rapid in 2017 when the average export price increased by 11% against the previous year. The global export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+8.7%), while the other global leaders experienced more modest paces of growth.

Imports of Pulley Tackle And Hoists Powered By An Electric Motor

Imports

In 2022, supplies from abroad of pulley tackle and hoists powered by an electric motor increased by 11% to X units, rising for the second year in a row after two years of decline. In general, imports, however, recorded a pronounced decline. The most prominent rate of growth was recorded in 2018 when imports increased by 16% against the previous year. Global imports peaked at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of pulley tackle and hoists powered by an electric motor expanded slightly to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 16% against the previous year. Over the period under review, global imports of attained the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Canada (X units) and the United States (X units) were the main importers of pulley tackle and hoists powered by an electric motoracross the globe, together accounting for approx. 36% of total imports. It was distantly followed by Vietnam (X units), making up a 5.9% share of total imports. India (X units), Italy (X units), Russia (X units), France (X units), Mexico (X units), the UK (X units), Belgium (X units), the Netherlands (X units), Spain (X units) and Germany (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +35.2%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X), Canada ($X) and Russia ($X) were the countries with the highest levels of imports in 2022, together comprising 26% of global imports. The UK, France, Germany, India, Italy, Mexico, Vietnam, Spain, the Netherlands and Belgium lagged somewhat behind, together comprising a further 20%.

In terms of the main importing countries, India, with a CAGR of +11.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for pulley tackle and hoists powered by an electric motor stood at $X per unit in 2022, falling by -6.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The growth pace was the most rapid in 2020 when the average import price increased by 11%. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the UK ($X per unit), while Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+12.7%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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